Mother Nature doesn't hand over her best secrets from the surface. You have to go in and get them. $CNL @CollectiveCNL is going underground. In November, we begin construction of a ~3 km exploration adit at Guayabales, a roughly two-year build. The video below shows the tunnel's path and the portal area taking shape this week. I've spent much of my career in the mountains of Colombia, and one lesson stands above the rest: the best discoveries are made from underground. From surface, the mountain dictates where we drill. Long holes just to reach depth. Angles chosen by where we can build a pad, not by where the geology is. Underground, we flip that. We get close to the targets and drill-test them over more than a vertical kilometer, from orientations that are simply not available from surface. The road underground: 
Q1-2027: Trap East, a newly generated greenfield target
H2-2027: the Trap Main System, via a dedicated cross-cut
2028: Plutus and Apollo's Ramp Zone Trap has only been sparsely drilled along a 1.4-kilometer corridor. It extends up to 900 meters below surface and remains open along strike and at depth. The adit is positioned to intersect its currently known southeastern end. And between Trap and Plutus lies unexplored ground. What might we find there? I'm not discounting the possibility that we cut yet another mineralized system on the road to Apollo. Two years of tunneling. Four targets. One adit. We're going underground. Stay tuned.

Today's results from $CNL @CollectiveCNL mark a meaningful step in growing the footprint of the Apollo system. We stepped out ~340 meters into a previously untested portion of the Ramp Zone's northwest breccia margin and intersected high-grade gold: APC164-D4: 12.10 m @ 11.33 g/t AuEq APC164-D3: 54.00 m @ 2.84 g/t AuEq, including 23.65 m @ 4.54 g/t AuEq The Ramp Zone is a reduced intrusion-related gold system. Late-stage gold-rich veins fill the crackle breccia matrix. Because the crackle breccia phase is porous, gold-bearing fluids have more space to release their metal content, resulting in the high grades at Ramp. Importantly, today's intercepts indicate that the same mineralizing process responsible for the high-grade southeast Ramp Zone extends to the west and northwest margins of the breccia. The key point of the news today: our geologists interpret these holes as having intersected only the upper portion of the system. Approximately 80 meters deeper, APC180-D4 logged 19 occurrences of visible gold over 62 metres of core. Assays are pending, and visual observations are not a substitute for assay results. We also encountered new high-grade veins in untested ground that are not captured in any existing geological or block model, including 1.30 m @ 74.58 g/t AuEq in APC164-D4. To date, approximately 590 meters of the 1.5 km breccia circumference has been tested, and only about 315 meters is included in the maiden resource. With 13 rigs turning and assays pending for 95 holes (19 holes from the Ramp Zone), Apollo continues to flex its muscles as a rapidly expanding AuEq deposit. We will keep drilling until the geology shows us where the system ends, and every round of drilling so far has pushed that boundary further out.

Honored to host @ANMColombia, its President Juan Camilo Valencia González, and @MinAmbienteCo at @CollectiveCNL's Guayabales project. Sharp questions, thoughtful feedback. Working hand in hand with government is how a discovery moves from licensing to production. No surprises. That is how Colombia attracts world-class capital. License application on track for mid-2027.

Some thoughts on today's press release from $CNL @CollectiveCNL Silver and tungsten. Near surface. In rock we modeled as waste. APC-186, northern Apollo: 5.50m @ 1,283 g/t Ag + 0.83% WO₃ (1,999 g/t AgEq) from 89.15m within 87.60m @ 158 g/t AgEq from 17.70m Inside the pit shell. 600m north of where tungsten exists in the Mineral Resource. A new high-grade WO₃/Ag zone forming? Tungsten is a metal of national security: armor, aerospace, the machines that make machines. And the West has precious little of it. 22 of 23 Shallow Halo holes since our maiden resource hit mineralization in so-called waste rock. Only 29% of the zone is drill tested. Open north and east. 13 rigs turning. 99 holes awaiting assays. Great mineral systems don't announce themselves. You drill them, and they reveal themselves. We are still in the early innings at Guayabales. 🇨🇴 Full release 👇 newswire.ca/news-releases/co…

Colombia's Interior Minister calls this one of the most important economic announcements in years… he may be understating it. Under a draft decree, prior consultation and environmental licensing would advance in parallel instead of in sequence. Same technical standards, same respect for communities, but years taken out of the critical path. Sequential approvals are the quiet reason new mines in Canada and the United States so often take a decade or more to permit. Each step waits for the last to finish, and the clock runs while the world needs more copper, gold and energy than ever. In resources, time is the hidden cost of capital. Countries that run approvals in parallel, without lowering the bar, will win the next decade of investment… and Colombia is signalling it intends to be one of them. @jrestrp @fabio_arjona @ANMColombia @CollectiveCNL @Collective_Col

Geology without governance is a museum. Governance without geology is a speech. Colombia has both tracks aligned. Robust geological potential with real money being spent to unlock future deposits, agile project development, and a clear invitation by the Vice President of Colombia @jrestrp to private capital - delivered to investors in New York today. The time for Colombia to join the world's mining ranks is now! @acmineriacol @CollectiveCNL ($CNL)

Some thoughts on today's press release announced by $CNL @CollectiveCNL “Undrilled” is not the same as “barren.” Yet in a mineral resource model, both can end up in the waste column That distinction is what excites me about today’s results at Apollo We are finding shallow gold and silver mineralization in previously undrilled areas inside our existing conceptual pit shell including high-grade intercept 135.15m @ 2.12 g/t AuEq from 21.30m (APC-182) The significance is not just the grade. It is what that mineralization could replace in the model Each tonne that can be converted from modeled waste into resource would improve both sides of the strip-ratio equation: less modeled waste and more resource within the same shell Even though the strip ratio we reported in the maiden Mineral Resource was low at 3.4:1, approximately 80% of the Shallow Halo Zone within the pit shell remains untested. Three rigs are working to change that Growing a resource does not always require a bigger pit. Check out the video below for more details👇 collectivemining.com/collect…